VOL. XXXVI

NO. 1

5-OCTOBER-1992

Financial and Banking News

REGIONAL FINANCING

Sonatrach Signs Loans Worth $485mn with US Eximbank and Citibank

Algeria's state-owned Sonatrach signed loan agreements in Washington worth$485mn with the US Eximbank and Citibank on 30 September. The loans will financethe purchase of American-made equipment and services to modernize the naturalgas plants at Arzew and Skikda. Sonatrach has contracted the US firms of Bechteland Kellogg to carry out renovation work on the...